GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
138
2010–2025
Total Volume
$114M
Gross loan amounts
States Active
1
With recorded loans
Programs
504
138 total segments
Illinois Business Financial Services is a 504-only lender, which means they focus exclusively on real estate and equipment financing. This specialization can be beneficial if you're looking to purchase property or equipment for your business.
With an average deal size of $825,580, this lender is well-suited for larger projects. If your financing needs fall within the $150K to $2M range, you may find a good fit here, especially since 39 deals were made in the $150K-$350K band.
The lender has seen a -20% year-over-year decline in deals, which might indicate a tightening of their lending criteria. If you're considering applying, be prepared to present a strong case for your business to improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 138 504 loans, which use fixed SBA debenture rates.
States where Illinois Business Financial Se has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Manufacturing
Manufacturing
Auto Repair & Maintenance
Other Services
Wholesale Trade
Wholesale Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Real Estate
Real Estate
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Illinois Business Financial Se, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Restaurants & Food Service · $500K – $1M | 504 | 9 | — | $661K | Q3 2018 |
| Illinois · Restaurants & Food Service · $150K – $350K | 504 | 7 | — | $264K | Q3 2022 |
| Illinois · Hotels & Accommodation · $500K – $1M | 504 | 6 | — | $791K | Q1 2017 |
| Illinois · Hotels & Accommodation · $2M – $5M | 504 | 5 | — | $3.5M | Q3 2018 |
| Illinois · Hotels & Accommodation · $1M – $2M | 504 | 5 | — | $1.6M | Q4 2017 |
| Illinois · Manufacturing · $1M – $2M | 504 | 4 | — | $1.2M | Q1 2017 |
| Illinois · Manufacturing · $150K – $350K | 504 | 4 | — | $284K | Q1 2018 |
| Illinois · Auto Repair & Maintenance · $350K – $500K | 504 | 4 | — | $425K | Q4 2015 |
| Illinois · Restaurants & Food Service · Under $150K | 504 | 4 | — | $98K | Q2 2023 |
| Illinois · Specialty Trade Contractors · Under $150K | 504 | 3 | — | $108K | Q2 2017 |
| Illinois · Wholesale Trade · $150K – $350K | 504 | 3 | — | $275K | Q1 2014 |
| Illinois · Nursing & Residential Care · $1M – $2M | 504 | 3 | — | $1.3M | Q1 2012 |
| Illinois · Other Health Practitioners · $150K – $350K | 504 | 3 | — | $233K | Q1 2025 |
| Illinois · Laundry & Dry Cleaning · $500K – $1M | 504 | 3 | — | $702K | Q4 2018 |
| Illinois · Arts, Entertainment & Recreation · $150K – $350K | 504 | 3 | — | $252K | Q4 2015 |
| Illinois · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $250K | Q3 2018 |
| Illinois · Finance & Insurance · $150K – $350K | 504 | 2 | — | $227K | Q1 2015 |
| Illinois · Other Professional Services · $150K – $350K | 504 | 2 | — | $211K | Q3 2014 |
| Illinois · Retail Trade · $1M – $2M | 504 | 2 | — | $1.4M | Q4 2018 |
| Illinois · Auto Repair & Maintenance · $500K – $1M | 504 | 2 | — | $834K | Q1 2017 |
| Illinois · Food & Beverage Stores · $150K – $350K | 504 | 2 | — | $243K | Q1 2014 |
| Illinois · Real Estate · $350K – $500K | 504 | 2 | — | $457K | Q3 2015 |
| Illinois · Engineering & Architecture · $150K – $350K | 504 | 2 | — | $242K | Q2 2018 |
| Illinois · Manufacturing · $2M – $5M | 504 | 2 | — | $3.0M | Q1 2017 |
| Illinois · Arts, Entertainment & Recreation · $350K – $500K | 504 | 2 | — | $434K | Q1 2017 |
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Real experiences from borrowers who closed SBA loans with Illinois Business Financial Se.
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